The Isle of Wight Council’s newly appointed Cabinet met for the first time on Wednesday, where they agreed unanimously to invest up to £2.1 million in an exciting new employment venture for the Isle of Wight that will see the creation of up to 600 jobs.
The investment will come from the Council’s capital funds – not those used for the delivery of day-to-day council services – and will enable the set-up of a new call centre, which supports a number of well-known brands.
Councillor Dave Stewart, leader of the Isle of Wight Council, said:
“The Cabinet was very pleased to endorse this significant investment in promoting the future prosperity of our local economy. In supporting this innovative venture, the council is taking an active role in creating 600 new, quality jobs for Islanders, in line with our regeneration strategy.
“We said we’d bring new jobs and prosperity to the Island, and already I am pleased to say we are delivering on this commitment.”
Subject to the final negotiations, to confirm this is within the affordability envelope of the Council, the investment will also provide a valuable opportunity for the council to further rationalise its own estate, enabling further service improvements, productivity and savings.
Further details will be released following completion of negotiations.